Chinese Legislation Reform Finally Unites Foreign & Domestic Entities

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China has released new information about how it will be opening up all areas of business to foreign businesses unless declared forbidden or out of bounds on a negative list, Hong Kong’s version of the EU Blacklist. The move is a result of the revised Foreign Investment Law which has enacted the new regulation.

It will officially come into effect on January 1st 2020, marking the end of the current scheme of foreign invested enterprises; uniting foreign and domestic entities under the same company and partnership laws.